Grayscale Investments, one of the largest asset managers in the digital currency ecosystem, recently launched a new broker-dealer named Grayscale Securities. filings with the program of the Securities and Exchange Commission of the United States.

The firm has to launch this new team considering the fact that its sister firm, Genesis, is struggling with a liquidity crisis following its huge exposure to Three Arrows Capital (3AC), now bankrupt. Genesis filed a $1.3 billion lawsuit against 3AC, which makes some of the company’s brokerage operations somewhat difficult to manage at this time.

As a dynamic investment manager, Grayscale requires a consistent branch to handle their trusted crypto products and an in-house distributor will give you the stability you crave. Grayscale Securities has registered with the SEC, as well as with FINRA and, from now on, you will be able to obtain the required cryptocurrencies for the trusts of the parent company.

The transition from reliance on Genesis as its broker-dealer to integration with Grayscale Securities began on Monday, October 3. The transition is all the more advisable as Genesis has seen an exodus of their key officials with their current issues brought on by their exposure to 3AC.

Grayscale has been in the news lately, especially with his recent legal dispute with United SEC over the failed conversion of its Grayscale Bitcoin Trust (GBTC) to a full Bitcoin Exchange Traded Fund (ETF) product.

In its characteristic fashion, the SEC rejected the product’s conversion request after many delays. Believing that the SEC’s decision is not in the best interest of its clients and the broader investment community, Grayscale anticipated aboard Donald Verrillione of the top lawyers during the Obama administration to spearhead his lawsuit against the commission.

The case is still in its early stages and is billed as one that may extend like the ongoing lawsuit between the SEC and Ripple.

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